Bithumb Suspends Withdrawals to Upbit Following Security Incident

South Korea's second-largest cryptocurrency exchange Bithumb temporarily halted withdrawal transfers to Upbit on November 27, citing a hacking incident at Upbit. The suspension, announced in a notice titled "Notice on Virtual Asset Withdrawals Following Upbit Hacking Incident," affects inter-platform transfers between the two exchanges. Bithumb said the measure will remain in effect until further notice.